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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 7, Lily Close, Morecambe is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,400 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Lily Close, Morecambe is £315,454 and the estimated rental value is £1,073 per month.
Lily Close, Middleton, Morecambe, LA3 is located in the borough of Lancaster within the LA3 postal district.
7, Lily Close, Morecambe has a single entry in the Land Registry from August 2023 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Lily Close, Morecambe is in very good condition we estimate a sale value of £331,227 and a rental value of £1,126 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,373 and a rental value of £997 per month.
Over the last 12 months the sale value of 7 Lily Close Morecambe has decreased by an estimated £1,325 (0.4%) and its rental value has increased by an estimated £35 per month (3.3%), giving an expected gross yield of 4.1%.
According to HM Land Registry, 7, Lily Close, Morecambe was last sold on 30th August 2023 for £445,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since August 2023, the market for similar properties has dropped 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Lily Close, Morecambe within a radius of 2.6 kilometres over the last 2 years.
The most recent example is Greendales Farm, Carr Lane, Morecambe, LA3 3LH, a freehold house which sold for £480,000 on the 5th September 2024.
Read more about house prices in LA3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lily Close, Middleton, Morecambe, LA3 has a total of 4 addresses. According to our analysis of all the public data, 7, Lily Close, Morecambe is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £123k more expensive than the average property in LA3.
The closest station to 7, Lily Close, Morecambe is Heysham Port station which is 2.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Lily Close, Morecambe, 44.7% of property is privately owned outright and 32.5% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Lily Close, Morecambe, 19.3% of residents are recorded as possessing school level qualifications and 29.1% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Lily Close, Morecambe, the average age was 42.6 and the most common age was 57.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Lily Close, Morecambe, 1.7% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Lily Close, Morecambe, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.
